As the warmer weather continues to encourage us to get outdoors and make exciting plans for the summer, the market is similarly heating up and creating more inventory is creating more opportunity for buyers to achieve their home-buying goals. It’s not too late to move into a new property in time for summer barbeques, backyard soirees, and prime gardening time. If you’re curious about financing avenues you can explore to make your home-buying dream a reality, then Movement Mortgage has you covered.
A non-qualified home loan, or non-QM, is a mortgage that falls outside standard documentation requirements. Non-QM loans often include a wide variety of mortgages such as jumbo loans, bank statement loans, no-income investment loans, and asset-based loans. These loans are usually helpful for buyers who may not meet certain requirements that traditional loan avenues require—such as revenue through self-employment or accrual of a level of debt that would typically not be accepted through a traditional loan.
Purchasing a home is always a different experience for every individual; what might work for one buyer might not be appropriate for another. If you’re concerned that purchasing property is not possible for you, reach out to a trusted Movement Mortgage lender for expert advisement. From the diverse range of options, like the Super Jumbo Non-QM or the 12-24 Month Bank Statement, you may find the perfect path to homeownership.
For more information, reach out to trusted Movement Mortgage lenders Jolene Messmer, Carese Busby, or Rick King.
